Finally Debt Free After 34 Years, But Still Need to Live Frugally

HairyHandofDartmoor · 26 March 2019 at 10:29PM

beanielou wrote: »

Lack of a regular income is so draining

Yes that's my biggest worry at the moment

.

HairyHandofDartmoor · 26 March 2019 at 10:31PM

DS2 is in Serbia now

. But we've had to put £50 on his phone :mad: so we need to make sure he gives us that back when he gets back.

He has far more money than we do, even after our PPI payments! He could afford to pay off our mortgage with the money he has in his bank account. I'm very very proud of him for doing so well at his business :T but he can afford to pay us back £50!

beanielou · 26 March 2019 at 10:36PM

HairyHandofDartmoor wrote: »

DS2 is in Serbia now . But we've had to put £50 on his phone :mad: so we need to make sure he gives us that back when he gets back.

He has far more money than we do, even after our PPI payments! He could afford to pay off our mortgage with the money he has in his bank account. I'm very very proud of him for doing so well at his business :T but he can afford to pay us back £50!

Time to increase his contribution to the household I think

HairyHandofDartmoor · 26 March 2019 at 10:41PM

It's tempting

but we've only recently started getting £200 a month from him and he doesn't reallly cost us that much to live here as he mostly buys his own food.

beanielou · 26 March 2019 at 10:53PM

HairyHandofDartmoor wrote: »

It's tempting but we've only recently started getting £200 a month from him and he doesn't reallly cost us that much to live here as he mostly buys his own food.

Just a thought~~it would cost him more to even rent a room!

teafor2 · 27 March 2019 at 9:14AM

Morning HHD

Had to smile at DS being all that way away in Serbia but Mum and Dad are sorting his phone out for him - exactly the sort of thing we'd probably have to do for DD.

Ooh the big rent conundrum. DD doesn't want to come home after Uni and I'm half hoping she sticks to that plan. It would save a lot of 'rent discussion' as I know me and hubby would have very different views on it :rotfl:

Have a lovely day. xx

beanielou · 27 March 2019 at 10:22AM

Happy hump day

HairyHandofDartmoor · 27 March 2019 at 10:45AM

teafor2 wrote: »

Morning HHD Had to smile at DS being all that way away in Serbia but Mum and Dad are sorting his phone out for him - exactly the sort of thing we'd probably have to do for DD.

Ooh the big rent conundrum. DD doesn't want to come home after Uni and I'm half hoping she sticks to that plan. It would save a lot of 'rent discussion' as I know me and hubby would have very different views on it :rotfl:

Have a lovely day. xx

Yes DS's are very predictable in some ways :rotfl:.

It is difficult but I do think that £200 a month covers what he costs us and it's good if he can build up savings and buy himself a house or flat one day.

I don't want to get too reliant on his money either as he keeps talking about moving to London :eek:.

teafor2 · 27 March 2019 at 11:17AM

Yes, there is that about getting used to it coming in and them being able to save up to move on.

My first wage packet was £75 and I had to give £15 for rent so 20%. But when I moved out Mum gave me half of what I'd paid back so I could buy kitchen stuff etc. Came in very handy. xx

redofromstart · 27 March 2019 at 11:17AM

HHOD, you may need to ring the HMRC tax office and tell them you want to split your tax code between the two jobs. They usually want to know how much you expect to earn in each role. It's fairly common so they will know what you are talking about. Does the business pay you wages via PAYE payroll through? If not then it may be simplest to use your tax code on the school job, and then sort it out when you do your self assessment.